Selective Wealth Management Inc. Invests $573,000 in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ)

Selective Wealth Management Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,572 shares of the company’s stock, valued at approximately $573,000.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 37.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,000 shares of the company’s stock worth $630,000 after purchasing an additional 3,000 shares in the last quarter. Appleton Partners Inc. MA acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $232,000. Kingsview Wealth Management LLC increased its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 103,813 shares of the company’s stock worth $5,853,000 after purchasing an additional 6,088 shares in the last quarter. Seelaus Asset Management LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $456,000. Finally, Advisory Resource Group increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the fourth quarter. Advisory Resource Group now owns 72,934 shares of the company’s stock worth $4,112,000 after buying an additional 10,055 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.7%

JEPQ stock opened at $52.70 on Monday. The business has a 50 day simple moving average of $50.84 and a 200-day simple moving average of $54.34. The company has a market capitalization of $24.62 billion, a P/E ratio of 30.29 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, June 2nd were paid a $0.6207 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.60. This represents a $7.45 dividend on an annualized basis and a yield of 14.13%.

About JPMorgan Nasdaq Equity Premium Income ETF

The J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund of US large-cap companies from the Nasdaq-100 Index, assessed and managed using ESG factors and a proprietary data science driven investment approach.